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20121127
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it is the first pure electric car from general motors since the ev one. it goes on sale in california and oregon only, middle of next year. gm expects the press point to be somewhere around 25,000. the all-important question, what is the range going to be, how far will it go fully charged? gm is not saying at this point, only it will be competitive with other electric cars. speaking of other electric cars this market is struggling now look at auto sales through september of this year. 73%, almost 8 million vehicles in the u.s., are gasoline powered. still a predominant source of power train in this country. hybrids, 279%, 300,000. as for pure electric, just 8,289 pure electric cars sold in the u.s. right now. take a look at shares of general motors in the last year. if you were a gm investor in the last year, up 24%. a lot of people talk about gm ought to learn what they are doing at tesla, tesla leading the way with electric cars. gm versus tesla, no comparison, gm up 24%, tesla up just 1.4%. as i said at the beginning of this report, you will see more electric vehicles coming from general moto
online companies luring away those shoppers. if i live in california and i shop in massachusetts, a store there, i don't pay sales tax. but if that business is in california, i do. they say that it's unfair to small businesses across this country and many republic governors, believe it or not, are actually lobbying to have the online sales tax laws changed so that everybody pays tax online across the country. big revenue. >> shepard: cheryl casone fox business. thank you. some of the online bargains may be too good to be true. today the federal government and online law enforcement agencies proved it shut down more than 100 web sites selling counterfeit web sites. some set up web sites to look like regular web sites all to get to you party your cash. trace gallagher west coast news hub. shoppers had no idea what they were buying was fake. >> knock off companies keep getting better and better at churning out products fake that look and feel real. two web sites for ergo baby careers. one of them is fake and one of them is real. if you look at those things, experts say unless you have a trai
on the chances of a fiscal cliff deal when we are joined by california democratic congresswoman max even waters. >> interesting to see what she has to say. and dangerous scene today in downtown sydney, australia. the cabin of a giant crane at a construction site burst into flames and the top part of the crane collapsed onto a nearby roof. incredibly, there were no reports or injuries, according to australian news organization. >>> the empire state building is showing off its new look. new yorkers are used to seeing the empire state building illuminated in various colors for special occasions. but now the building has upgraded its lighting system. gone are the old flood lights. they've been replaced by a state-of-the-art computerized system that can deliver all kinds of colors and effects. look at that. the new lights went on display for the first time last night. for your viewing pleasure there. >> i'm a little bit of a tradition traditionalist. i'm a little overstimulated just now. hollywood is buzzing today about anna nicole smith's 6-year-old daughter's new modeling campaign. like mother lik
, california striking down their three-strikes law. that says let's not have nonviolent drug offenders go away to jail for a long time. judges and police say this is a losing battle. let's move towards treatment and decriminalization and treat it like alcohol rather than prohibition and criminalization. we have a mexican president saying, hey, let's look at a different way to treat this thing. let's talk about what he recently said. in favor of opening a new debate in the strategy in the way we fight drug traffickings. it's clear after several decades we have more drug consumption, drug use, drug trafficking. things are not working. a change in the drug policy would have a massive impact on the economy and on crime in both north america and throughout south america, and would lead the way and open the path toward a more humane immigration policy and people in america accepting them. >> i think you're right. it's been interesting. as things have moved politically in terms of the war on drugs, we've also, of course, seen after this election potential movement on comprehensive immigration reform.
. this bill does that. vote yes. >> the gentleman from california has two minutes remaining. >> speaker, i feel very honored to follow my good friend and classmate and distinguished democratic whip as we talk about this compromise and where we are. mr. speaker, saving social security and medicare is a priority that i believe both political parties share, contrary to much of what has been put out there. it is something to address in this measure. we are going to be able to save social security and medicare. creating jobs -- democrats and republicans talk about that. how is it that we will be able to do that? getting our fiscal house in order is a very important step in our quest to ensure that the people who are hurting and looking for jobs will have an opportunity to get them. sending a positive signal to the global markets that we are the world's economic, military, and deal political leader by increasing the debt ceiling, we are sending a positive signal that we will continue meeting our obligations and responsibility. at the same time, dramatically reducing spending, the problem that ha
the chinese focus on california, and nowness. >> for the regular house in china it's over a couple million dollars. but, you know, here they can only buy for less than $1 billion chinese dollars. >> economically there is not a problem. it's something for the united states to watch politically. >> analysts who study the chinese say unlike the japanese who bought american landmarks in the '80s or columbian drug houses. >> they are not looking to make a splash or to change nerk their image. they are trying to just as i said, have a place to go if there is trouble. >> these are not the ordinary chinese where the annual income is $5,000 a year. one of the billion chinese millionaires helping the family. and u.s. real estate recover from the process. bret? >> bret: william la jeunesse in los angeles. thank you. still ahead -- get ready to open your wallet again. we will tell you what you will be paying for like it or not. first, will egypt's new president pay the price for a power grab? stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect worl
a new phase of passive acceptance. since california passed the first medical marijuana law, 18 states and the district of columbia permit it for medicinal use. rhode island and maine are the next states looking to legalize the drug. the movement reflects an increasing acceptance. half of all americans support legalizing it, up from 31% in 2001. what are the implications regarding legalization both at home and south of the border? and are the new laws in washington and colorado a game changer in mexican-american relations. for the current issue of "new york" magazine benjamin wallace-wells pens the title "the end of prohibition" he argues u.s. drug policy has shifted, quote, without really acknowledging it, we are beginning to experiment with a negotiated surrender. benjamin, there are many people i know not naming names who would like to see the white flag waved on the war on drugs. i will point you to a "washington post" editorial yesterday that talks about decriminalization but warns it is not yet clear how a quasi legal pot industry might operate in colorado and waugs or what its p
something good. there is an organization called the st. baldrick's foundation based in california but does work all around the country to raise money for research and to childhood cancers. they solved this bet on twitter and "national journal" and they said why don't you shave your head for children with cancer. they raised all of their money through shaving people's heads. they've taken -- they've taken the walkathon concept. >> bill: st. baldrick, the patron saint of bald. >> st. baldrick's.org, go there and learn their story. that's all they do is they raise money for research into childhood cancers and they do it by shaving people's heads. normal people will set up a fund-raising page and get people to donate to it. celebrities like yourself -- >> bill: forget it. >> hold on to it while you got it. >> bill: bald woodhouse is our guest here for this part -- i haven't seen you since november 6th in studio. congratulations. >> appreciate it. >> bill: you were very much a part of this extraordinary campaign. and
, new york state still at 83 weeks. california, 73 weeks. nevada, 73 weeks. you know how the unemployment rate is in nevada. those people are really hurting out there. mark zandi, a lot of people go to him for his thoughts on economy. he believes the unemployment benefits is the most beneficial element to the economy in the short term. do you agree with him? >> no. not to bore our listeners with this keynesian nonsense you print pieces of paper that somehow stimulates the economy. it doesn't. you focus how you enable people to get through a very rough patch that had nothing to do with them. how do you it in a way that doesn't perpetuate unemployment but allows people to get jobs even if it is not what they want at least get back on their feet. in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the b
, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and h
california brother was praying for the day when medicare kicked in. he had no coverage and couldn't afford to buy it. so when you extend the medicare eligibility age, i clearly want to fill that gap with coverage, affordable, accessible health insurance for those who were in their 60s and are going to need that coverage even though medicare isn't officially onboard. >> is that going to cost more money? we all want to make sure that people out of work don't die of heart attacks because they don't have health insurance. we're not talking about expanding programs, we're talking about how we save medicare and medicaid because both of those programs are not only going bankrupt, they're going to bankrupt this country. how do we do that? you're telling us what you want to do to maybe add a new program. what do we do to save the existing programs we have from bankrupting the country? >> one thing is obama care, as much as it's been kicked around during the course of the campaign. the notion that we're going to have everyone in america under the protection of health insurance is a good one. and it
but very refined car as well. >> you introduce it here in l.a. a, southern california. a huge market. people are going to say how much does it cost? $130,000 for this vehicle? >> starting at $83,500. this one is $130,000, yes. i have to say people will clamor for the car. >> this brings up the question. the average land rover customer, household income of $515,000, $130,000 vehicle. this brings up the question with all the talk about potentially raising taxes on the wealthy here in the united states, would that hurt your business? would you sell fewer range rovers if the tax rate went up for those making more than $250,000? >> i think at the moment we see no sign of that quite frankly. a deal has to be done. our customers buy smartly, and when they look at vehicles like this, which is new on the block, they're going to go for this particular car. they might compromise on other things and not on new range rovers. we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the
Search Results 0 to 11 of about 12